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Veterans Administration Forms -26-1802a - HUD-VA Addendum to Uniform Residential Loan Application

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Veterans Administration Forms -26-1802a - HUD-VA Addendum to Uniform Residential Loan Application Powered By Docstoc
					HUD/VA Addendum to Uniform Residential Loan Application                                                                                                 OMB Approval No. VA: 2900-0144
                                                                                                                                                         HUD: 2502-0059 (exp. 9/30/2007)
Part I - Identifying Information               (mark the type of application)           2. Agency Case No. (include any suffix) 3. Lender’s Case No.                            4. Section of the Act
                                                                                                                                                                                   (for HUD cases)
1.      VA Application for                HUD/FHA Application for Insurance
        Home Loan Guaranty                under the National Housing Act
5. Borrower's Name & Present Address (Include zip code)
                                                                                                   7. Loan Amount (include the UFMIP if 8. Interest Rate    9. Proposed Maturity
                                                                                                      for HUD or Funding Fee if for VA)
                                                                                                   $                                                   %              yrs.       mos.
                                                                                                   10. Discount Amount 11.Amount of Up Front 12a.Amount of Monthly12b.Term of Monthly
                                                                                                       (only if borrower is   Premium               Premium             Premium
                                                                                                       permitted to pay)
                                                                                                                            $                  $              / mo.            months
6. Property Address (including name of subdivision, lot & block no. & zip code)
                                                                                                   13. Lender's I.D. Code                             14.Sponsor / Agent I.D. Code


                     15. Lender's Name & Address         (include zip code)                                            16. Name & Address of Sponsor / Agent




                                                                                                                      17. Lender's Telephone Number


                             Type or Print all entries clearly
     VA: The veteran and the lender hereby apply to the Secretary of Veterans Affairs for Guaranty of the loan described here under Section 3710, Chapter 37, Title
             38, United States Code, to the full extent permitted by the veteran’s entitlement and severally agree that the Regulations promulgated pursuant to Chapter
             37, and in effect on the date of the loan shall govern the rights, duties, and liabilities of the parties.
18. First Time     19. VA Only                    20. Purpose of Loan         (blocks 9 - 12 are for VA loans only)
     Homebuyer?        Title will be Vested in:
a.      Yes              Veteran                    1)       Purchase Existing Home Previously Occupied      7)                 Construct Home (proceeds to be paid out during construction)
b.      No               Veteran & Spouse           2)       Finance Improvements to Existing Property       8)                 Finance Co-op Purchase
                         Other (specify)            3)       Refinance (Refi.)                               9)                 Purchase Permanently Sited Manufactured Home
                                                    4)       Purchase New Condo. Unit                       10)                 Purchase Permanently Sited Manufactured Home & Lot
                                                    5)       Purchase Existing Condo.Unit                   11)                 Refi. Permanently Sited Manufactured Home to Buy Lot
                                                    6)       Purchase Existing Home Not Previously Occupied 12)                 Refi. Permanently Sited Manufactured Home/Lot Loan
Part II - Lender’s Certification
21. The undersigned lender makes the following certifications to induce the        E. The Uniform Residential Loan Application and this Addendum were signed
Department of Veterans Affairs to issue a certificate of commitment to                 by the borrower after all sections were completed.
guarantee the subject loan or a Loan Guaranty Certificate under Title 38, U.S. F. This proposed loan to the named borrower meets the income and credit
Code, or to induce the Department of Housing and Urban Development -                   requirements of the governing law in the judgment of the undersigned.
Federal Housing Commissioner to issue a firm commitment for mortgage               G. To the best of my knowledge and belief, I and my firm and its principals: (1)
insurance or a Mortgage Insurance Certificate under the National Housing Act.          are not presently debarred, suspended, proposed for debarment, declared
A. The loan terms furnished in the Uniform Residential Loan Application and            ineligible, or voluntarily excluded from covered transactions by any Federal
   this Addendum are true, accurate and complete.                                      department or agency; (2) have not, within a three-year period preceding
B. The information contained in the Uniform Residential Loan Application and           this proposal, been convicted of or had a civil judgment rendered against
   this Addendum was obtained directly from the borrower by an employee                them for (a) commission of fraud or a criminal offense in connection with
   of the undersigned lender or its duly authorized agent and is true to the best      obtaining, attempting to obtain, or performing a public (Federal, State or
   of the lender’s knowledge and belief.                                               local) transaction or contract under a public transaction; (b) violation of
C. The credit report submitted on the subject borrower (and co-borrower , if           Federal or State antitrust statutes or commission of embezzlement, theft,
   any) was ordered by the undersigned lender or its duly authorized agent             forgery, bribery, falsification or destruction of records, making false state-
   directly from the credit bureau which prepared the report and was received          ments, or receiving stolen property; (3) are not presently indicted for or
   directly from said credit bureau.                                                   otherwise criminally or civilly charged by a governmental entity (Federal,
D. The verification of employment and verification of deposits were requested          State or local) with commission of any of the offenses enumerated in
   and received by the lender or its duly authorized agent without passing             paragraph G(2) of this certification; and (4) have not, within a three-year
   through the hands of any third persons and are true to the best of the              period preceding this application/proposal, had one or more public trans-
   lender’s knowledge and belief.                                                      actions (Federal, State or local) terminated for cause or default.
Items "H" through "J" are to be completed as applicable for VA loans only.
H. The names and functions of any duly authorized agents who developed on behalf of the lender any of the information or supporting credit data submitted are as follows:
     Name & Address                                                                                                           Function (e.g., obtained information on the Uniform Residential Loan
                                                                                                                              Application, ordered credit report, verifications of employment, deposits, etc.)



   If no agent is shown above, the undersigned lender affirmatively certifies that all information and supporting credit data were obtained directly by the lender.
I. The undersigned lender understands and agrees that it is responsible for the omissions, errors, or acts of agents identified in item H as to the functions
   with which they are identified.
J. The proposed loan conforms otherwise with the applicable provisions of Title 38, U.S. Code, and of the regulations concerning guaranty or insurance of loans
   to veterans.
Signature of Officer of Lender                                                Title of Officer of Lender                                                                          Date (mm/dd/yyyy)


Part III - Notices to Borrowers. Public reporting burden for this collection of information is estimated to average 6 minutes per response, including the time for
reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. This
agency may not conduct or sponsor, and a person is not required to respond to, a collection information unless that collection displays a valid OMB control number.
Privacy Act Information. The information requested on the Uniform Residential Loan Application and this Addendum is authorized by 38 U.S.C. 3710 (if for DVA)
and 12 U.S.C. 1701 et seq. (if for HUD/FHA). The Debt Collection Act of 1982, Pub. Law 97-365, and HUD's Housing and Community Development Act of 1987, 42
U.S.C. 3543, require persons applying for a federally insured or guaranteed loan to furnish his/her social security number (SSN). You must provide all the requested
information, including your SSN. HUD and/or VA may conduct a computer match to verify the information you provide. HUD and/or VA may disclose certain
information to Federal, State and local agencies when relevant to civil, criminal, or regulatory investigations and prosecutions. It will not otherwise be disclosed or
released outside of HUD or VA, except as required and permitted by law. The information will be used to determine whether you qualify as a mortgagor. Any
disclosure of information outside VA or HUD/FHA will be made only as permitted by law. Failure to provide any of the requested information, including SSN, may
VA Form 26-1802a (3/98)                                                                           page 1                                                        form HUD-92900-A (06/2005)
 result in disapproval of your loan application. This is notice to you as required by the Right to Financial Privacy Act of 1978 that VA or HUD/FHA has a right of access
to financial records held by financial institutions in connection with the consideration or administration of assistance to you. Financial records involving your
transaction will be available to VA and HUD/FHA without further notice or authorization but will not be disclosed or released by this institution to another Government
Agency or Department without your consent except as required or permitted by law.
Caution. Delinquencies, defaults, foreclosures and abuses of mortgage loans involving programs of the Federal Government can be costly and detrimental to your
credit, now and in the future. The lender in this transaction, its agents and assigns as well as the Federal Government, its agencies, agents and assigns, are
authorized to take any and all of the following actions in the event loan payments become delinquent on the mortgage loan described in the attached application: (1)
Report your name and account information to a credit bureau; (2) Assess additional interest and penalty charges for the period of time that payment is not made; (3)
Assess charges to cover additional administrative costs incurred by the Government to service your account; (4) Offset amounts owed to you under other Federal
programs; (5) Refer your account to a private attorney, collection agency or mortgage servicing agency to collect the amount due, foreclose the mortgage, sell the
property and seek judgment against you for any deficiency; (6) Refer your account to the Department of Justice for litigation in the courts; (7) If you are a current or
retired Federal employee, take action to offset your salary, or civil service retirement benefits; (8) Refer your debt to the Internal Revenue Service for offset against
any amount owed to you as an income tax refund; and (9) Report any resulting written-off debt of yours to the Internal Revenue Service as your taxable income. All
of these actions can and will be used to recover any debts owed when it is determined to be in the interest of the lender and/or the Federal Government to do so.
Part IV - Borrower Consent for Social Security Administration to Verify Social Security Number
I authorize the Social Security Administration to verify my Social Security number to the Lender identified in this document and HUD/FHA, through a computer
match conducted by HUD/FHA.
I understand that my consent allows no additional information from my Social Security records to be provided to the Lender, and HUD/FHA and that verification of
my Social Security number does not constitute confirmation of my identity. I also understand that my Social Security number may not be used for any other
purpose than the one stated above, including resale or redisclosure to other parties. The only other redisclosure permitted by this authorization is for review
purposes to ensure that HUD/FHA complies with SSA's consent requirements.
I am the individual to whom the Social Security number was issued or that person's legal guardian. I declare and affirm under the penalty of perjury that the
information contained herein is true and correct. I know that if I make any representation that I know is false to obtain information from Social Security records, I
could be punished by a fine or imprisonment or both.
This consent is valid for 180 days from the date signed, unless indicated otherwise by the individual(s) named in this loan application.
Signature(s) of Borrower(s) - Read consent carefully. Review accuracy of social security number(s) and birth dates provided on this application.



                                                                                                                                                                Date signed


Part V - Borrower Certification
      22. Complete the following for a HUD/FHA Mortgage .                                              Is it to be sold? 22b. Sales Price              22c. Original Mortgage Amt
      22a.Do you own or have you sold other real estate within the                  Yes       No            Yes      No $                                $
          past 60 months on which there was a HUD/FHA mortgage?
     22d. Address
    22e. If the dwelling to be covered by this mortgage is to be rented, is it a part of, adjacent or contiguous to any project subdivision or group of concentrated
          rental properties involving eight or more dwelling units in which you have any financial interest?                      Yes     No     If “Yes” give details.
    22f. Do you own more than four dwellings ?                  Yes         No If “Yes” submit form HUD-92561.
23. Complete for VA-Guaranteed Mortgage . Have you ever had a VA home Loan?                         Yes      No
24. Applicable for Both VA & HUD. As a home loan borrower, you will be legally obligated to make the mortgage payments called for by your mortgage loan contract.
    The fact that you dispose of your property after the loan has been made will not relieve you of liability for making these payments. Payment of the loan in full
    is ordinarily the way liability on a mortgage note is ended. Some home buyers have the mistaken impression that if they sell their homes when they move to another
    locality, or dispose of it for any other reasons, they are no longer liable for the mortgage payments and that liability for these payments is solely that of the new owners.
    Even though the new owners may agree in writing to assume liability for your mortgage payments, this assumption agreement will not relieve you from liability to the
    holder of the note which you signed when you obtained the loan to buy the property. Unless you are able to sell the property to a buyer who is acceptable to VA or
    to HUD/FHA and who will assume the payment of your obligation to the lender, you will not be relieved from liability to repay any claim which VA or HUD/FHA may be
    required to pay your lender on account of default in your loan payments. The amount of any such claim payment will be a debt owed by you to the Federal
    Government. This debt will be the object of established collection procedures.
25. I, the Undersigned Borrower(s) Certify that:                                                  (b) I was not aware of this valuation when I signed my contract but have elected
(1) I have read and understand the foregoing concerning my liability on the loan and Part         to complete the transaction at the contract purchase price or cost. I have paid
    III Notices to Borrowers.                                                                     or will pay in cash from my own resources at or prior to loan closing a sum equal
(2) Occupancy: ( for VA only -- mark the applicable box)                                          to the difference between contract purchase price or cost and the VA or HUD/
    (a) I now actually occupy the above-described property as my home or intend to                FHA established value. I do not and will not have outstanding after loan closing
    move into and occupy said property as my home within a reasonable period of time              any unpaid contractual obligation on account of such cash payment.
    or intend to reoccupy it after the completion of major alterations, repairs or improve-   (4) Neither I, nor anyone authorized to act for me, will refuse to sell or rent, after
    ments.
                                                                                              the making of a bona fide offer, or refuse to negotiate for the sale or rental of,
    (b) My spouse is on active military duty and in his or her absence, I occupy or intend    or otherwise make unavailable or deny the dwelling or property covered by his/
    to occupy the property securing this loan as my home.
                                                                                              her loan to any person because of race, color, religion, sex, handicap, familial status
    (c) I previously occupied the property securing this loan as my home. (for interest       or national origin. I recognize that any restrictive covenant on this property relating
    rate reductions)
                                                                                              to race, color, religion, sex, handicap, familial status or national origin is illegal and
    (d) While my spouse was on active military duty and unable to occupy the property         void and civil action for preventive relief may be brought by the Attorney General
    securing this loan, I previously occupied the property that is securing this loan as my
    home. (for interest rate reduction loans)                                                 of the United States in any appropriate U.S. District Court against any person re-
                                                                                              sponsible for the violation of the applicable law.
    Note: If box 2b or 2d is checked, the veteran's spouse must also sign below.
(3) Mark the applicable box (not applicable for Home Improvement or Refinancing Loan)         (5) All information in this application is given for the purpose of obtaining a loan to
    I have been informed that ($                                      ) is :                  be insured under the National Housing Act or guaranteed by the Department of Veterans
    the reasonable value of the property as determined by VA or;                              Affairs and the information in the Uniform Residential Loan Application and this Adden-
                                                                                              dum is true and complete to the best of my knowledge and belief. Verification may be
    the statement of appraised value as determined by HUD / FHA.
                                                                                              obtained from any source named herein.
    Note: If the contract price or cost exceeds the VA "Reasonable Value" or HUD/FHA
    "Statement of Appraised Value", mark either item (a) or item (b), whichever is appli-     (6) For HUD Only (for properties constructed prior to 1978 ) I have received information
    cable.                                                                                         on lead paint poisoning.       Yes       Not Applicable
    (a) I was aware of this valuation when I signed my contract and I have paid or will       (7) I am aware that neither HUD / FHA nor VA warrants the condition or value of
    pay in cash from my own resources at or prior to loan closing a sum equal to the               the property
    difference between the contract purchase price or cost and the VA or HUD/FHA
    established value. I do not and will not have outstanding after loan closing any unpaid
    contractual obligation on account of such cash payment;
Signature(s) of Borrower(s) -- Do not sign unless this application is fully completed. Read the certifications carefully & review accuracy of this application. Date


Federal statutes provide severe penalties for any fraud, intentional misrepresentation, or criminal connivance or conspiracy purposed to influence the
issuance of any guaranty or insurance by the VA Secretary or the HUD/FHA Commissioner.
VA Form 26-1802a (3/98)                                                                       page 2                                               form HUD-92900-A (06/2005)
Direct Endorsement Approval for a HUD/FHA-Insured Mortgage                                                                                    U.S. Department of Housing
                                                                                                                                              and Urban Development
Part I - Identifying Information               (mark the type of application)     2. Agency Case No. (include any suffix) 3. Lender’s Case No.                4. Section of the Act
                                                                                                                                                                 (for HUD cases)
1.                                         HUD/FHA Application for Insurance
                                           under the National Housing Act
5. Borrower's Name & Present Address (Include zip code)                                    7. Loan Amount (include the UFMIP)     8. Interest Rate     9. Proposed Maturity

                                                                                           $                                                     %                 yrs.       mos.


                                                                                           10. Discount Amount 11. Amount of Up Front 12a.Amount of Monthly 12b. Term of Monthly
                                                                                               (only if borrower is   Premium             Premium                Premium
6. Property Address (including name of subdivision, lot & block no. & zip code)                permitted to pay)
                                                                                                                    $                 $              / mo.             months
                                                                                           13. Lender's I.D. Code                        14. Sponsor / Agent I.D. Code



                     15. Lender's Name & Address        (include zip code)                                     16. Name & Address of Sponsor / Agent




                                                                                                               17. Lender's Telephone Number


                             Type or Print all entries clearly
      Approved: Approved subject to the additional conditions stated below, if any.
      Date Mortgage Approved                                                                   Date Approval Expires

      Modified & Loan Amount             (include UFMIP) Interest Rate Proposed Maturity        Monthly Payment      Amount of            Amount of Monthly      Term of Monthly
                                                                                                                     Up Front Premium     Premium                Premium
      Approved $                                                        %         Yrs.   Mos $                       $                    $                                 months
      as follows:
      Additional Conditions:
            If this is proposed construction, the builder has certified compliance with HUD requirements on form HUD-92541.
            If this is new construction, the lender certifies that the property is 100% complete (both on site and off site improvements) and the
            property meets HUD's minimum property standards and local building codes.
            Form HUD-92544, Builder's Warranty is required.
            The property has a 10-year warranty.
            Owner-Occupancy Not required ( item (b) of the Borrower's Certificate does not apply).
            The mortgage is a high loan-to-value ratio for non-occupant mortgagor in military.

            Other: (specify)




           This mortgage was rated as an “accept” or "approve" by FHA's Total Mortgage Scorecard. As such, the undersigned representative of the mortgagee
           certifies to the integrity of the data supplied by the lender used to determine the quality of the loan, that a Direct Endorsement Underwriter reviewed
           the appraisal (if applicable) and further certifies that this mortgage is eligible for HUD mortgage insurance under the Direct Endorsement program.
           I hereby make all certifications required for this mortgage as set forth in HUD Handbook 4000.4
            Mortgagee Representative

            This mortgage was rated as a “refer” by a FHA's Total Mortgage Scorecard, and/or was manually underwritten by a Direct Endorsement
            underwriter. As such, the undersigned Direct Endorsement underwriter certifies that I have personally reviewed the appraisal report (if
            applicable), credit application, and all associated documents and have used due diligence in underwriting this mortgage. I find that this
            mortgage is eligible for HUD mortgage insurance under the Direct Endorsement program and I hereby make all certifications required for
            this mortgage as set forth in HUD Handbook 4000.4

            Direct Endorsement Underwriter                                                                     DE's CHUMS ID Number




The Mortgagee, its owners, officers, employees or directors         do      do not have a financial interest in or a
relationship, by affiliation or ownership, with the builder or seller involved in this transaction.

                                                                                          page 3                                                 form HUD-92900-A (06/2005)
Borrower's Certificate:
The undersigned certifies that:
(a) I will not have outstanding any other unpaid obligations contracted in connection with the mortgage transaction or the purchase of
    the said property except obligations which are secured by property or collateral owned by me independently of the said mortgaged
    property, or obligations approved by the Commissioner;
(b) One of the undersigned intends to occupy the subject property, (note: this item does not apply if owner-occupancy is not required
    by the commitment);
(c) All charges and fees collected from me as shown in the settlement statement have been paid by my own funds, and no other charges
    have been or will be paid by me in respect to this transaction;
(d) Neither I, nor anyone authorized to act for me, will refuse to sell or rent, after the making of a bona fide offer, or refuse to negotiate
    for the sale or rental of or otherwise make unavailable or deny the dwelling or property covered by this loan to any person because
    of race, color, religion, sex, handicap, familial status or national origin. I recognize that any restrictive covenant on this property
    relating to race, color, religion, sex, handicap, familial status or national origin is illegal and void and any such covenant is hereby
    specifically disclaimed. I understand that civil action for preventative relief may be brought by the Attorney General of the United
    States in any appropriate U.S. District Court against any person responsible for a violation of this certificate.

Borrower'(s) Signature(s) & Date




Lender's Certificate:
The undersigned certifies that to the best of its knowledge:
(a) The statements made in its application for insurance and in this Certificate are true and correct;
(b) The conditions listed above or appearing in any outstanding commitment issued under the above case number have been fulfilled;
(c) Complete disbursement of the loan has been made to the borrower, or to his/her creditors for his/her account and with his/her consent;
(d) The security instrument has been recorded and is a good and valid first lien on the property described;
(e) No charge has been made to or paid by the borrower except as permitted under HUD regulations;
(f) The copies of the credit and security instruments which are submitted herewith are true and exact copies as executed and filed for record;
(g) It has not paid any kickbacks, fee or consideration of any type, directly or indirectly, to any party in connection with this transaction
    except as permitted under HUD regulations and administrative instructions.
I, the undersigned, as authorized representative of                                                                                          ,
mortgagee at this time of closing of this mortgage loan, certify that I have personally reviewed the mortgage loan documents, closing
statements, application for insurance endorsement, and all accompanying documents. I hereby make all certifications required for this
mortgage as set forth in HUD Handbook 4000.4.
Lender's Name
                                                                                               Note: If the approval is executed by an agent in the
                                                                                               name of lender, the agent must enter the lender's
Title of Lender's Officer                                                                      code number and type.
                                                                                               Code Number (5 digits)           Type
Signature of Lender's Officer                                           Date




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